SLQX.DE vs. AMES.DE
SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - SLQX.DE tracks the SBI TOP Index while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, SLQX.DE returned 23.41%/yr vs 22.04%/yr for AMES.DE. At a 0.11 correlation, their price movements are largely independent. SLQX.DE charges 1.38%/yr vs 0.25%/yr for AMES.DE.
Performance
SLQX.DE vs. AMES.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLQX.DE achieves a 26.72% return, which is significantly higher than AMES.DE's 13.44% return.
SLQX.DE
- 1D
- 0.30%
- 1M
- 5.06%
- 6M
- 16.08%
- YTD
- 26.72%
- 1Y
- 28.19%
- 3Y*
- 36.69%
- 5Y*
- 23.41%
- 10Y*
- —
AMES.DE
- 1D
- -0.39%
- 1M
- -0.39%
- 6M
- 10.64%
- YTD
- 13.44%
- 1Y
- 41.82%
- 3Y*
- 31.24%
- 5Y*
- 22.04%
- 10Y*
- 12.09%
SLQX.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.72% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | -3.91% | 11.50% | -17.12% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 13.44% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -10.65% |
Correlation
The correlation between SLQX.DE and AMES.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLQX.DE vs. AMES.DE — Risk / Return Rank
SLQX.DE
AMES.DE
SLQX.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) and Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SLQX.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.46 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 4.18 | -1.91 |
| Martin ratioReturn relative to average drawdown | 5.48 | 14.76 | -9.28 |
Loading charts...
Drawdowns
SLQX.DE vs. AMES.DE - Drawdown Comparison
The maximum SLQX.DE drawdown since its inception was -34.33%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for SLQX.DE and AMES.DE.
Loading charts...
Drawdown Indicators
| SLQX.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -40.98% | +6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -9.95% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -12.58% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -17.77% | -6.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.71% | +2.71% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -10.05% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.83% | +2.30% |
Volatility
SLQX.DE vs. AMES.DE - Volatility Comparison
The current volatility for Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) is 3.26%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.03%. This indicates that SLQX.DE experiences smaller price fluctuations and is considered to be less risky than AMES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SLQX.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 4.03% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 14.37% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 16.51% | +4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 16.93% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 18.33% | -0.42% |
SLQX.DE vs. AMES.DE - Expense Ratio Comparison
SLQX.DE has a 1.38% expense ratio, which is higher than AMES.DE's 0.25% expense ratio.
Dividends
SLQX.DE vs. AMES.DE - Dividend Comparison
Neither SLQX.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
SLQX.DE and AMES.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMES.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for SLQX.DE.
SLQX.DE tracks SBI TOP Index, while AMES.DE tracks MSCI Spain. They also come from different issuers: Expat and Amundi. Their fees differ too: 1.38% for SLQX.DE and 0.25% for AMES.DE.
Find the right allocation for SLQX.DE and AMES.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer